Home Loan Articles

More Properties Can Avail FHLDS Now!

personOtto Dargan access_timeFebruary 10, 2021

House prices drop, more property available for FHLDS The pandemic has created a big ruffle in the housing market of Australia – the demand for the properties have taken a plunge with the onset of COVID-19. This decline, in turn, has created opportunities for issuers of...

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How To Pay Off Your Mortgage Faster In 2021?

personOtto Dargan access_timeFebruary 5, 2021

The COVID-19 pandemic has been an eye-opener for many Australians as they are starting to take a hard look at their finances. With the RBA cash rate down to 0.1%, most borrowers are looking to refinance to fixed-rate. However, both fixed and variable rate home loans have their...

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Pros And Cons Of Interest Rate Drop

personOtto Dargan access_timeDecember 14, 2020

On November 3rd, the Reserve Bank of Australia (RBA) announced a record low interest rate cut that reduced the cash rate to an unprecedented 0.10 per cent.  A rate cut can prove beneficial with home financing, but the impact depends on what type of mortgage the client has, whether...

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Where, What And Who Is Using The FHLDS?

personOtto Dargan access_timeDecember 2, 2020

An interactive map-tool launched by the NHFIC lets first home-buyers see where people are buying their first homes, their ages, income, and deposit saved. The tool aids buyers make a better purchase decision. The NHFIC rolled out the First Home Loan Deposit Scheme (FHLDS) to...

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NSW Stamp Duty Changes: What Are The Benefits?

personOtto Dargan access_timeNovember 19, 2020

The New South Wales government is proposing to abolish stamp duty as part of its 2020-21 budget announcement on 17 November 2020. Instead of paying stamp duty upfront, it would be replaced by an annual land tax. Stamp duty is a government tax paid when you buy a property. First...

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RBA Cash Rate Cut – Will Lenders Pass On The Rate Cut?

personOtto Dargan access_timeNovember 10, 2020

The Reserve Bank has unveiled its new measures along with the record low cash rate cut to 0.10%. It is a measure taken to support job creation and the recovery of the Australian economy. Following its traditional Melbourne Cup Day meeting, bank governor Philip Lowe said the...

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Why You Shouldn’t Let The Pandemic Put Your Plans For Pre-approval On Hold

personOtto Dargan access_timeOctober 22, 2020

It’s hard to believe we’re in the middle of a pandemic with the Australian Bureau of Statistics (ABS) data shows that Australians secured $16.3 billion in owner-occupier loans in August 2020. This is a 13.6% increase in August, which is the largest rebound since...

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First Home Loan Deposit Scheme: 10,000 New Places Added

personOtto Dargan access_timeOctober 7, 2020

The federal government added another 10,000 new places under the First Home Loan Deposit Scheme (New Homes) for first home buyers looking to purchase a new home or a newly built home. Also known as the FHLDS New Home Guarantee, eligible first home buyers can reserve one of the...

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Pros And Cons Of Refinancing Your Home Loan

personOtto Dargan access_timeOctober 2, 2020

According to CoreLogic’s early market indicators (as of 27 September 2020), refinancing mortgages rose 1.46% over the past week. Refinancing was up 22.11% year on year, compared to a 10.68% rise on mortgages for a new purchase. Source: CoreLogic’s Early Market Indicators...

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$1 LMI For First Home Buyers

personOtto Dargan access_timeJuly 17, 2020

A non-major lender has announced that you’ll only need to pay $1 in Lenders Mortgage Insurance (LMI) if you’re borrowing 85% of the property value.  The $1 LMI offer for first home buyers offer is effective from 13 July 2020.  One of the pain points for a first home buyer...

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